We argue that rising supply of experience not only reduces experienced workers' relative wages but also their relative labor market participation. From a theoretical model we derive predictions which we quasi-experimentally investigate, using variation across U.S. local labor markets (LLMs) over...

Population aging in advanced economies could have significant macroeconomic implica- tions, unless more individuals choose to participate in labor markets. In this context, the steep increase in the share of older workers who remain economically active since the mid- 1990s is an overlooked yet...

Using a highly stylized dynamic microsimulation model, we project the labor force of the United States up to the year 2060 and contrast these projections with projections for Germany to assess differential effects on outcomes The projections are consistent with the U S Census Bureau's and...

Die sozialen Sicherungssysteme müssen reformiert werden, damit sie im demografischen Wandel finanzierbar bleiben. Es gilt, das Erwerbspersonenpotenzial auf dem Arbeitsmarkt besser auszuschöpfen. Durch eine Verbesserung der Kindertagesbetreuung und den Umbau des Ehegattensplittings sollte die...

Angesichts des demografischen Wandels wird Deutschland in den kommenden Jahren mit einem zunehmenden Fachkräftemangel konfrontiert sein. In Deutschland kann das Fachkräfteeinwanderungsgesetz notwendige Kompetenzen sichern: Damit es diese Wirkung entfalten kann, sollten der Visaprozess und die...

The demographic development in Germany will lead to a declining number of people of working age and thus potentially in the labour force. The age structure is shifting towards older cohorts. The labour force will decline by 16 million workers between 2020 and 2060. However, an increase in the...

Der demografische Wandel ist schon lange absehbar, hat jedoch nicht immer zu einer vorausschauenden Gestaltung der politischen Rahmenbedingungen geführt. Diese Studie zeigt auf, dass der demografische Wandel sich gerade noch einmal deutlich beschleunigt und damit ein entschlossenes und...

Rapid technological progress poses challenges for labor markets. Automation can both displace and create jobs. Currently, an unprecedented digitalization of our economy is underway. Artificial intelligence has become a reality and machines are able to learn how to outperform humans in some...

The ongoing demographic change is expected to negatively affect the effective labor supply of various developed countries. In order to counteract these developments, many suggested policy measures target the participation rate of women and old workers. In this paper, I develop a multi-sectoral...

This paper pursues a scenario analysis to shed light on past and potential future labour supply and labour demand dynamics of different skill groups in the six Western Balkan countries (WB6). It differentiates between four educational levels (low, medium-general, medium-VET, and high) and looks...